Your Textbook Identified a Number of Mobile Banking Security Risks

question 45

Short Answer

Your textbook identified a number of mobile banking security risks. Duplicating the Electronic Serial Number ESM) of one phone and using it in a second phone is called ______________. This allows the perpetrator to have calls and other transactions billed to the original phone.

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned through their investments in other companies, recognizing income in proportion to ownership.

Gross Profit

The difference between revenue and the cost of goods sold before expenses are subtracted.

Intra-entity Sales

Transactions of goods or services that occur between divisions or subsidiaries within the same parent company, impacting consolidated financial statements.

Equity Income

The earnings derived from an investment in the shares of another company, where the income is recognized in proportion to the ownership percentage.